Fred Fisher, President of Hi Ho Silver Resources Inc.("Hi Ho" or the "Company")(CNQ:HIHO)(FRANKFURT:H9T), reports on the upcoming 2008 exploration program at the Silver Tip Project (the "Property") located in southeastern British Columbia. The field portion of the 2008 program is scheduled to commence during the first week of July and will follow up results received from previous exploration programs conducted on the property. The program has been designed to follow up mineral showings identified from previous work, define additional showings and systematically explore recently acquired claims.

The upcoming 2008 program will consist of soil and rock sampling, geological mapping, trenching, opening up old workings, access road/trail construction, metallurgical work, prospecting, shallow drilling with portable drills and bulk sampling. The program will be supervised by James Thom, M.Sc., who brings a wealth of advanced geological expertise to the project. All other required field personnel and services have been secured.

The Silver Tip Property covers 2,600 hectares (26km2). There are no underlying royalties, agreements or further consideration due with respect to the Property.

The Property is located in the Kaslo area of British Columbia within the northeast section of the historic Slocan Silver Camp where more than 75,000,000 ounces of silver have been produced between 1892 and 1993. The Property presently hosts eight high-grade mineral showings, six of which have reported past production. These showings have been developed in the past by more than 1,850 feet (567m) of underground workings. The Silver Tip Property contains high-grade silver with assays ranging from 60 - 120 oz/ton (1.8kg/t - 3.6kg/t) silver, 40% - 80% lead and 1.25% - 6% zinc. The highest silver assay from the Property is 398 oz/ton (12.0 kg/t). Gold values obtained from the Evening Star area of the Property during the Company's 2007 exploration work yielded 10.7g/t gold with 61.6g/t silver, 16.24g/t Au with 133 g/t Ag and 21.9g/t Au with greater than 100g/t Ag. and zinc values range between 1.25% - 6.0%. While these assays do not conform to National Instrument 43-101 they have been provided by the Duncan Bain, P. Geo.,. and are generally considered reliable according to local industry standards.

Fred Fisher, President and CEO of the Company, states "Historically the property is under explored, and utilizing modern systematic exploration techniques to confirm and prove mineralized showings, we will be in a position to advance the Property towards defining a mineable resource." The technical information contained in this news release has been verified by Duncan Bain, P.Geo., a Canadian geologist who is a qualified person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Properties." We were also extremely pleased to recently acquire the adjacent Silver Patch Property as it covers a gold extension that was discovered last fall and which will be a focus of exploration this summer."

The Company also announces that further to its news release dated April 15, 2008, the Company and SCT Media have mutually agreed to amend the terms of the agreement between the parties to reduce the number of stock options to be granted to SCT Media from 250,000 to 200,000. All other terms and conditions between the parties remains essentially the same. In addition the Company would like to add that a previously announced finder's fee payable on a private placement of 44,000 shares was incorrect and the proper finder's fee is actually 40,000 shares.

Signed,

HI HO SILVER RESOURCES INC.

Fred Fisher, President & C.E.O.

All prospective and current shareholders of Hi Ho Silver Resources are invited to join the company's official investment forum exclusively at PinnacleDigest.com: http://www.pinnacledigest.com/company/hiho:ca. The forum allows for investor controlled discussion with progressive feedback from other shareholders and investors. Third party reports on the company are also available at www.PinnacleDigest.com.

Forward-Looking Information:

This release may include certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that Hi Ho Silver Resources Inc. (the "Company") expects to occur, are forward-looking statements. Such statements are identified in this release by the use of words such as "will" and "expected" as well as the use of the future or conditional tense. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

The CNQ Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.